木星的本地令牌，木普（Jup），左持有人和堆放者的價格最近的價格動作過度。

JUP目前的交易價格為0.4360美元，已經打破了密鑰支持水平，現在徘徊在歷史最低點附近，比2月高點下降了近80％。

The recent price action of Jupiter’s native token, JUP, has left holders and stackers over-disappointed.

木星的原住民令牌JUP最近的價格行動使持有者和堆疊者過度分配。

After reaching a high of $2.18 in February 2024, the token has been on a downward trajectory, largely driven by a series of internal issues that have sparked frustration among the community.

在2024年2月達到2.18美元的高價之後，該令牌一直處於下降軌跡，這在很大程度上是受一系列內部問題引起了社區沮喪的驅動。

As of today, JUP is trading at $0.4359, having broken key support levels and now hovers close to all-time lows. The token is down nearly 80% from its February highs, a decline that has triggered frustration and doubt among Jupiter traders.

截至今天，JUP的交易價格為0.4359美元，關鍵支持水平破裂，現在徘徊在歷史最低低點。該令牌比2月的高點下降了近80％，這一下降引發了木星交易者的沮喪和懷疑。

Many believe that internal factors, not just broader market conditions, are to blame for JUP’s poor performance.

許多人認為，內部因素，不僅是更廣泛的市場狀況，還應歸咎於JUP的表現不佳。

Jupiter Exchange, recognized as one of the best decentralized finance (DeFi) products built on Solana, is facing growing criticism from the community. While its tech and trading infrastructure remain top-tier, many believe the team’s recent executive decisions have caused unnecessary fear, uncertainty, and doubt (FUD) and put additional downward pressure on the token.

木星交易所被公認為是建立在索拉納（Solana）的最佳分散金融（DEFI）產品之一，正面臨著社區日益增長的批評。儘管其技術和交易基礎設施仍然是頂級階層，但許多人認為該團隊最近的執行決定引起了不必要的恐懼，不確定性和懷疑（FUD），並對代幣施加了額外的下降壓力。

Long-term supporters of the project argue that mismanagement, questionable valuation strategies, and poor communication with the community have driven sentiment to new lows.

該項目的長期支持者認為，管理不善，可疑的估值策略和與社區的溝通不良已將情感推向了新的低點。

“It’s clear that we’ve reached a critical juncture. We need the team to take immediate action to reduce emissions, introduce more flexible staking models, perhaps consider rev-share buybacks, and maybe even look into liquid staking options,” said one member of the Jupiter community.

木星社區的一位成員說：“很明顯，我們已經達到了一個關鍵的關頭。我們需要立即採取行動來減少排放，引入更靈活的堆放模型，也許考慮轉share回購，甚至可以研究液體儲存選擇。”

Another community member added: “If PumpSwap pulls enough liquidity and users, it could easily kill off Jupiter completely. We’re already seeing a shift in trader activity.”

另一位社區成員補充說：“如果Pumpswap吸引了足夠的流動性和用戶，它很容易完全殺死木星。我們已經看到交易者活動發生了變化。”

Pumpswap is a new decentralized exchange (DEX) developed by Pump.Fun, a blockchain startup focused on developing engaging Web3 products.

PumpSwap是由Pump.Fun開發的新的分散交易所（DEX），該公司是一家專注於開發引人入勝的Web3產品的區塊鏈初創企業。

Announced earlier this month, PumpSwap aims to provide a user-friendly platform with competitive rates and a strong emphasis on community engagement. The project claims to offer the highest yields among DEXs and plans to achieve this through efficient capital allocation and a unique revenue-sharing model with its users.

PumpSwap宣布，旨在提供一個具有競爭力的用戶友好平台，並強烈強調社區參與。該項目聲稱，在DEX中提供最高收益率，併計劃通過有效的資本分配以及與用戶的獨特收入分享模型來實現這一目標。

To attract new users, PumpSwap will employ a multi-pronged approach that includes engaging social media campaigns, partnerships with prominent crypto influencers, and a focused content marketing strategy. The goal is to build a strong online presence and generate buzz around the platform.

為了吸引新用戶，PumpSwap將採用多管齊下的方法，其中包括吸引社交媒體活動，與著名的加密影響者的合作夥伴關係以及集中的內容營銷策略。目的是建立強大的在線形象，並在平台周圍引起嗡嗡聲。

In addition to its new DEX, Pump.Fun is also developing other products to enhance the overall Web3 experience. These products include a decentralized application (DApp) store, a multi-chain wallet, and a comprehensive crypto news and analysis platform.

除了新的DEX外，pump.Fun還開發了其他產品，以增強整體Web3體驗。這些產品包括分散的應用程序（DAPP）商店，一個多鏈錢包以及全面的加密新聞和分析平台。

The startup has secured $10 million in funding from a group of leading venture capitalists to develop its products and expand its operations.

這家初創公司已從一群領先的風險投資家中獲得了1000萬美元的資金，以開發其產品並擴大其運營。

Despite the challenges, some investors remain optimistic about JUP’s prospects. They argue that the token’s price action is closely linked to the overall performance of Solana. Once the broader market turns bullish, and Solana begins to outperform other blockchains, JUP could bounce back quickly.

儘管面臨挑戰，但一些投資者仍然對JUP的前景保持樂觀。他們認為，令牌的價格行動與Solana的整體表現緊密相關。一旦更廣泛的市場變成看漲，索拉納開始勝過其他區塊鏈，JUP就可以迅速反彈。

However, there are other concerns that could continue to weigh on JUP even if the broader market turns in favor of Solana.

但是，即使更廣泛的市場轉向Solana，還有其他問題可能會繼續對JUP進行權衡。

Some analysts believe that JUP has been in a structural downtrend not only against USDT but also when paired with SOL, losing value consistently over time.

一些分析人士認為，JUP不僅處於與USDT的結構下降趨勢，而且與SOL配對時，隨著時間的流逝，價值始終如一地失去價值。

Moreover, with additional token unlocks and incentive drops expected in the coming months, fears of rapid dilution and ongoing price suppression are persisting among traders.

此外，隨著未來幾個月預計的其他令牌解鎖和激勵下降，交易者的擔心會持續稀釋和持續的價格抑制。

As the project heads into the second half of 2024, the fate of Jupiter now largely depends on how quickly the team can respond to the community’s concerns and restore confidence in the project’s tokenomics.

隨著該項目進入2024年下半年，木星的命運現在在很大程度上取決於團隊能夠對社區的擔憂做出的速度以及恢復對項目的標記學的信心。